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Fish Sauce Market Size, Share, Competitive Landscape and Trend Analysis Report by Nature, by Type, by Application, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2024-2032

Fish Sauce Market Size, Share, Competitive Landscape and Trend Analysis...

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Fish Sauce Market Size, Share, Competitive Landscape and Trend Analysis Report by Nature, by Type, by Application, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2024-2032
Fish Sauce Market Size, Share,...
Report Code
RO7/128/1066

Publish Date
01/Apr/2024

Pages
200
PRICE
$ 4900 /-
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The global fish sauce market revenue was around US$ 6.1 billion in 2023 and is estimated to reach US$ 9.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2024 to 2032.

Fish sauce, a favored condiment in Asian cuisine, holds a fascinating history dating back centuries. Crafted by fermenting fish with salt, this process yields a pungent yet alluring liquid brimming with umami goodness. With its origins deeply rooted in Southeast Asian and East Asian culinary traditions, fish sauce has transcended borders, finding its place in kitchens worldwide.

Factors Influencing Market Growth

- The growth of the food industry, combined with the rising awareness of consumers and the appreciation for diverse flavors, has played an important role in propelling the market.

- The fish sauce market encounters considerable challenges due to allergen problems, as the origin of the product from fermented fish poses a risk for individuals with fish allergies.

- The growing demand for exotic and unique flavors is anticipated to drive the growth of the fish sauce market in the future.

Impact of COVID-19

The outbreak of the COVID-19 pandemic had a negative influence on the global fish sauce market. Due to the severely influenced countries, their production and retail activities were suspended. Strict lockdown policies and a specific degree of restrictions were applied with numerous time durations across several countries and regions.

Regional Analysis

In 2023, Asia-Pacific dominated the global fish sauce market in terms of revenue. Global brands aim among themselves to provide effective marketing strategies and better value propositions. The Asia-Pacific region is expected to grow at the highest growth rate because of the continuously growing food service sector, where fish sauces are largely in demand. The high standard of living of the people and the surge in urbanization, particularly in developing countries including China and India, are propelling the growth of the fish sauce market in this region

Leading Companies

The leading prominent companies profiled in the global fish sauce market are: -

- Rungroj Fish Sauce Co., Ltd.
- Viet Phu, Inc.
- Rayong Fish Sauce Industry Co., Ltd.
- Teo Tak Seng Fish Sauce Factory Co., Ltd.
- Pichai Fish Sauce Co. Ltd.
- Tang Sang Ha Company Limited
- Thai Fish Sauce Factory (Squid Brand) Co., Ltd.
- Marine Resources Development Co., Ltd.
- Halcyon Proteins Pty. Ltd.
- Thai Preeda Trading Co., Ltd.
- Other prominent key players

Segmentation Outline

The global fish sauce market segmentation focuses on Nature, Type, Application, Distribution Channel, and Region.

Segmentation based on Nature

- Conventional
- Premium

Segmentation based on Type

- Korean Fish Sauce
- Japanese Fish Sauce
- Southeast Asian Fish Sauce
- Others

Segmentation based on Application

- Food and Beverages
- Household
- Hotels and Restaurants
- Others

Segmentation based on Distribution Channel

- Hypermarkets and Supermarkets
- Specialty Stores
- Online Retail
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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